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~ ~0 W~ tlie same, toget~er wit1~ f1~e t~emenb. ~ereditnmenb and appurfe-
nan~ea the~eto 6e~onging, and the ~+ents. issuea and pro~tb thereo~. unto t~?e neorfgagee. tn lea atmple.
7ii11L fhe wwrtgngor c~ouenanfs with'!~e mortgagee tliat 'f1~e morfgagor ia indef~o.,tbly set~d o~ snid
land ip ~e~ simple: tknt the mortgngor I~aa good ?ight and law~ul authority 10 oonvey anid land m afore-
t~ot,~ie morlgago? u~i~~ nwke such (urther assurances to perfect t~e ~ee sinnp~e ttfje to said ~and in the
mortg~pe~t ai may re~asona6ly be required: t6at the Mo?~gagor kere6y juUq wanants t6e title to said land ~
. and ~uil~ defond tlte same against !he lnwJul clain~s o( all persona u~homsoever; ~d ~hat said Iand ia /res
ond clear oj ¢I[ encum6rances
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, ) Pbrt Pierce Develop~ent Assoaiates, LTD.
€ ~~s~ fhat il w+~~~ sha~~ pay unlo anid mortgagee t~e certain promis-
~ ( sor~ note hereina~ter subsfanliaUy copeed or identi~ied, !o-wit: ~
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PROMISSORY NOTE _ .
, - ~ . Decemb~r 3
0 , 1970
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FOR VALUE RECEIVED the urxiersigned, ~ointly and severally, promise to
• PAY TO THE ORDER OF FIRST NATIONAL BANK OF FORT PIERCE the principal
~ awn or ONE HUNDRED TH~USAI~ID ($100,000.00) DOLLARS together Kith the
interest thereon from date hereof at the rate oP EIGHT arid ONE-HAIF .
(8 1/29F ~ percent per annum until maturity, all payable in lawt~l n~nyey
oP the Unitea States oP America, as Pollows:
Interest on the ur~aid principal balance shall be paid in quarterly
anr~al inatallments, the Pirst such inatallment to be due and payable
three (3) months i'~rom the date hereoP, arrl succeeding installmenta to ~
be due and payable every three (3).months thereaPter. Principal shall
be payabie in four (4) equal annual installments oP 11r~lENTY-FIVE THOUSAND
~$25 000.00) DOLI.ARS each, the Pirst such payment to be due and payable
txo ~2) y.ears from date hereof and succeeding paymenta to be due arxl
' payable each year thereafter, to•wit: Three (3) yeara, four,(4) ysars
and five (5~ years from date hereoP. This Note ie seaured by~s Mortgage
Deed ot even data Prom the FIRST NATIONAL BANK OF FORT PIER('~, ,as
Trustre, wnder a Tr~at Agre.ement dated the 17th day ot l~atta~b~r, 1~0,
ar~d la~o~? as Tru~~ l1u~r~ 1, as Mortge~gor. Tbi~ Not~ aap D~ pr~psird a?t
an~~i~~~:~~~ . _ without psnslty. ~ 'r~
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